Celsius (CELH) Releases Quarterly Earnings Results

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Celsius (NASDAQ:CELH) released its quarterly earnings results on Thursday. The company reported ($0.08) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.01) by ($0.07), Morningstar.com reports. The firm had revenue of $16.57 million for the quarter, compared to analysts’ expectations of $11.72 million. Celsius had a negative net margin of 31.73% and a negative return on equity of 47.60%.

Shares of CELH traded down $0.08 during mid-day trading on Friday, hitting $3.92. 76,560 shares of the company traded hands, compared to its average volume of 57,580. Celsius has a 1-year low of $3.05 and a 1-year high of $6.05. The company has a quick ratio of 2.30, a current ratio of 3.11 and a debt-to-equity ratio of 0.27. The company has a market cap of $204.49 million, a P/E ratio of -392.00 and a beta of 0.38.

Several analysts have commented on the stock. Zacks Investment Research lowered shares of Celsius from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 9th. B. Riley decreased their price target on shares of Celsius from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Tuesday, August 7th. Finally, Maxim Group reissued a “buy” rating and set a $8.00 price target on shares of Celsius in a research report on Friday, August 10th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Celsius currently has an average rating of “Hold” and a consensus target price of $7.00.

Institutional investors and hedge funds have recently bought and sold shares of the company. Granite Investment Partners LLC acquired a new position in shares of Celsius during the second quarter valued at about $458,000. Schwab Charles Investment Management Inc. acquired a new position in shares of Celsius during the second quarter valued at about $198,000. BlackRock Inc. acquired a new position in shares of Celsius during the second quarter valued at about $5,095,000. Anchor Capital Advisors LLC increased its holdings in shares of Celsius by 473.0% during the second quarter. Anchor Capital Advisors LLC now owns 200,092 shares of the company’s stock valued at $920,000 after acquiring an additional 165,172 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in shares of Celsius by 146.6% during the first quarter. Millennium Management LLC now owns 214,262 shares of the company’s stock valued at $932,000 after acquiring an additional 127,388 shares in the last quarter. Hedge funds and other institutional investors own 20.93% of the company’s stock.

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Celsius Company Profile

Celsius Holdings, Inc develops, markets, sells, and distributes functional calorie-burning fitness beverages in the United States and internationally. The company offers its beverages in various flavors, including orange, wild berry, cola, grape, watermelon, grapefruit, cucumber lime, and orange pomegranate; and non-carbonated green tea raspberry/acai, green tea/peach mango, pineapple coconut, watermelon berry, and strawberries and cream.

Further Reading: Diversification in Investing

Earnings History for Celsius (NASDAQ:CELH)

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